ABOUT EUREKA
EurekaCoin
EurekaCoin (ERK) is the native coin of its own PoS blockchain, the Eureka Network (eurekanetwork.io) and we have many projects preparing to build upon it using ERK20 and ERK22 tokens. The EurekaNetwork blockchain will not only be Proof of Stake itself ( meaning EurekaCoin in itself can be used to earn passively ) but other tokens/ sidechain coins will be able to be proof of stake in themselves securing their own network.
What makes EurekaNetwork Groundbreaking?
The ultimate question for any new blockchain is why use this it over say ethereum. Well EurekaNetwork is actually built using both ethereum and bitcoin technology ( parts of both blockchains ) therefore it’s just as user friendly as ethereum, it’ll be cheaper to deploy & of course it provides the ground breaking open source development of allowing other projects tokens to be able to build upon it and secure their own PoS network. So why is it good for projects to be able to secure their own networks? The answer is an economic one. Currently the profits of all transactions that a token built on the Ethereum blockchain generates, goes to Ethereum miners and that provides no benefit for the project. With our PoS solution it means that the stakers of those projects built on the EurekaNetwork get the reward and the project itself will benefit. That’s a very strong incentive for people to hold the token and to support the project. Every single transaction that takes place on the EurekaNetwork blockchain will actually burn some Eureka out of circulation. To enhance this it will have its own wallet, it's own prepaid cards and merchant api ( similar to coinpayments/ bitpay ) so EurekaCoin can be used by various businesses throughout the world as a means of payment.
EurekaX Centralised Exchange
Supporting all this is the EurekaX centralised exchange featuring the highest liquidity exchange by linking our order book with those of the top exchanges including Binance and OKEx. All projects that build on the EurekaNetwork will be guaranteed listing on EurekaX. EurekaCoin is a base coin on the exchange further adding to its demand and liquidity.
PoS(Power of Staking)
As every PoS staker from every token/ coin of every project built on the blockchain receive EurekaCoin as the reward, this will add up to masses of people making mass adoption ( holders/ users etc ) inevitable.
The EurekaCoin will be used as a utility coin throughout a number of websites and that will also bring it further demand.
Having the best of both Bitcoin and Ethereum blockchains has other major benefits too. It means that no matter what Ethereum and Bitcoin ( which means pretty much everything else) go on to develop, we will be able to implement it into the Eureka blockchain if we determine that it will advance the network.
With only 150 million ERK ever in circulation as an initial supply, EurekaCoin will become more and more scarce with time while the demand will likely keep growing. 10% of the transaction fees of the network will continuously be burned until the circulating supply of EurekaCoin is below 1 million ERK.
Download wallet:
https://www.eurekacoin.io/download.php
White Paper:
https://www.eurekacoin.io/Eureka-Coin-White-Paper.pdf
The Advantage of Eureka
Eureka is a UTXO-based decentralized blockchain that uses a proof of stake (PoS) consensus model in which the creator of the next block is chosen based on the held wealth in the native coin of the blockchain (Eureka Coin) instead of using the metric of hash rate like in the case of Bitcoin's PoW. In PoS, blocks are minted by stakers instead of being mined by miners. As a result, the stakers get rewarded with the transaction and deployment fees (Tx fees) of the network. Note that Eureka Coin has a zero inflation rate meaning there won't be any new coins created with each block and 10% of the Tx fees of each block will be burned while the remaining 90% will be distributed among the stakers. When a coin is burned it means it is completely outside of circulation & nobody has access to it.
Eureka is compatible with the Bitcoin and Ethereum ecosystems and the Eureka Virtual Machine is constantly backwards compatible. The Eureka blockchain employs industry use cases while also aiming at mobile device users. This allows promoting blockchain technology to a wide array of Internet users and therefore widening the decentralization of the transaction validation process in the Eureka ecosystem.
